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Bank Reconciliation The bank statement for ABC Company has a balance of $25,000 on March 31, 2014. On this date the balance per ABC's
Bank Reconciliation The bank statement for ABC Company has a balance of $25,000 on March 31, 2014. On this date the balance per ABC's cash account is $18,000. Please reconcile the differences between these two balances. Deposits in transit A customer sent mailed a check to ABC Company for $4,000 Outstanding checks ABC Company wrote a check to the pest control company for $2,000 Bank Error A bank teller in training accidentally deposited $5,000 into ABC's bank account. Collection The bank collected money owed to ABC company in the amount of $4,500 Interest Income The bank paid ABC Company $200 in interest income. (This is the equivalent of ABC receiving $200 cash from the bank) Service Charge The bank charged ABC company a bank service fee of $700
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